Labor productivity has significantly declined in several states, with Iowa experiencing the greatest decrease between 2007 and 2023, at 4.9%. Delaware follows with a 4.2% decline, and South Dakota ranks third with a 2.7% drop. New York, Virginia, and Georgia also feature in the top ten. Iowa Iowa experienced the greatest decline in labor productivity, with a decrease of 4.9%. This drop is largely attributed to shifts in its agricultural sector, a significant part of its economy. Despite this, Iowa maintains a labor productivity index score of 115.1, indicating a still robust workforce contributing to its output. Delaware Delaware saw…
decline
Union membership among young workers is experiencing a significant decline, marking a global trend known as the de-unionisation of the young. In the UK, government statistics reveal a sharp decrease, with only 4.3% of workers aged 16 to 24 being union members in 2021, compared to 19.8% in the 25 to 34 age group. This decline is part of a broader shift that has seen collective bargaining coverage decrease from 80% of the British workforce in 1980 to around 30% in the 2000s. The drop in union membership is not necessarily due to young professionals viewing unions more negatively than…